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| SECTION | HEADING | PAGE |
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| 1. | Definitions | 1 |
| 2. | Lease and Conditions | 7 |
| 3. | Delivery and Acceptance; Term | 10 |
| 4. | Rent | 10 |
| 5. | Representations and Warranties | 11 |
| 6. | Possession and Use | 15 |
| 7. | Information and Inspection | 22 |
| 8. | Covenants of Lessee | 22 |
| 9. | Replacement of Parts; Alterations, Modifications and Additions | 24 |
| 10. | General Tax Indemnity | 25 |
| 11. | Casualty Occurrences | 29 |
| 12. | Insurance | 32 |
| 13. | Indemnification | 34 |
| 14. | Liens | 37 |
| 15. | Perfection of Title and Further Assurances | 37 |
| 16. | Return of Aircraft and Records | 38 |
| 17. | Events of Default | 41 |
| 18. | Remedies | 43 |
| 19. | Alienation | 45 |
| 20. | Miscellaneous | 46 |
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| EXHIBITS |  |  |
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| EXHIBIT A | Description of Aircraft | i |
| EXHIBIT B | List of Manuals, Documents and Records | ii |